BlackRock, Inc. (BLK) to Invest $333.6M in India's Aditya Birla Renewables Limited

BlackRock Inc. (NYSE:BLK) is one of the best blue-chip stocks to buy for 2026. On January 6, reports emerged indicating BlackRock Inc. (NYSE:BLK) is seeking regulatory clearance in India to acquire an unspecified stake in Mumbai-based renewable platform Aditya Birla Renewables Limited. Pixabay/Public Domain The asset management firm has committed to invest $333.6 million in the renewable energy company, which is active in solar, wind, solar-plus-wind, and battery storage. It owns a portfolio of 4.3GW across 10 Indian states. The investment comes at a time when India is undergoing one of the most significant energy transformations. There is a growing demand for renewable energy driven by the need for decarbonization and rising demand. Likewise, on January 6, BlackRock confirmed a 6.72% stake in Ireland’s Avadel Pharmaceuticals. The investment further strengthens the asset management firm’s exposure in the healthcare sector. Meanwhile, Morgan Stanley reiterated an Overweight rating on BlackRock and set a $1,514 price target. The positive stance comes from the company expanding its offerings in private markets and technology solutions through its Aladdin platform. BlackRock, Inc. (NYSE:BLK) is the world’s largest asset manager, providing investment management and financial technology services to help individuals and institutions grow their wealth. They manage trillions of dollars in assets, investing clients’ money in stocks, bonds, ETFs (including their popular iShares brand), real estate, and more, and offering retirement solutions. While we acknowledge the potential of BLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Penny Stocks to Buy for 2026 and 10 Best Metal Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.